Acquisitions

In the business year 2019/20, the Metal Engineering Division completed a strategically significant acquisition for its welding consumables product segment. Specifically, voestalpine Böhler Welding Group GmbH acquired Selco S.r.l., a welding machinery manufacturer in Italy. Selco, which was founded in 1979, possesses 40 years of know-how in the production of equipment and accessories for arc and plasma welding. The company has plants in Onara and Cittadella, both Italy.

This acquisition represents the next step in the development of the Welding business segment into a full-service provider in the welding industry. The addition of welding machinery to the segment’s portfolio now enables voestalpine Böhler Welding to offer a fully coordinated combination of welding consumables and welding equipment.

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About voestalpine

In its business segments, voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries, and is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals and is working intensively to develop technologies which will allow it to decarbonize and reduce its CO2 emissions over the long term. In the business year 2019/20, the Group generated revenue of EUR 12.7 billion, with an operating result (EBITDA) of EUR 1.2 billion; it had about 49,000 employees worldwide.

Facts

50 Countries on all 5 continents
500 Group companies and locations
49,000 Employees worldwide

Earnings FY 2019/20

€ 12.7 Billion

Revenue

€ 1.2 Billion

EBITDA

www.voestalpine.com

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